Our last blog post (part 1) explored some of the important tips that you should consider when creating your estate plan. Its important to have a solid estate plan in place so that you are protected in the future.
Below are some more tips to follow. If you have any questions about the following tips, consult with one of our experienced estate planning attorneys.
3. Make a financial power of attorney.
- Do you want to make sure that your bills are paid?
- Do you want to make sure that your taxes are filed and your other business affairs are taken care of?
- Do you want to appoint someone who will be responsible for handling your daily expenses and business affairs?
If you answered yes to any of the above questions, then you may need to include a financial power of attorney in your estate plan. This allows you to appoint an agent who will be able to handle your financial responsibilities if you ever become seriously ill or disabled.
4. Make funeral arrangements.
- Do you want to have a say in your funeral arrangements?
- Do you know that you want to be buried or cremated?
- Do you want to plan special funeral arrangements?
If you answered yes to any of the above questions, then you may want to include funeral planning in your estate plan. Without a plan in place, your loved ones will be left to guess about your wishes and may have to make difficult decisions. Taking the time to outline your wishes now will allow your family to grieve and be there for each other during their time of need.
If you have any questions about what to include in your estate plan, consult with a qualified estate planning attorney.